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Author: Admin | 2025-04-28
To find the Network hashrate, we need to know the current difficulty of the entire network, the average block time specified by the network, and/or the real-time info about the last blocks. Why is it important to know the overall network hashrate? A change in the overall hashrate of the coin network can tell you when the coin’s mining profitability will grow or when will it fall. How does the distribution of rewards between miners works? It’s quite sophisticated, but we’ll try to explain it as simply as possible: Any blockchain (cryptocurrency network) gives miners a block reward, divided among all miners who mine a particular coin. The reward is almost always the same — let’s say, 1 pizza a day. Miners receive a share of the reward equal to the provided network hashrate. So, if Mark has 1 gigahash, and the entire network is 5 gigahash, then Mark will receive 1/5 of a pizza daily. If John joined the network with 5 gigahashes, the network’s total capacity would become 10 gigahashes. Mark’s share immediately dropped to 1/10 of pizza a day, while John gets 5/10 of pizza. The more hashrate of a particular miner is — the more coins (pizza) he gets. But, at the same time, the more miners in the network — the fewer coins (pizza) each miner receives. Miners compete with each other to see who gets the most hashrate. So, naturally, the one with the most hashrate always gets more. Read Kryptex Knowledge Base for more information → Start mining with Kryptex Pool.Honest, stable and predictableincome. Download Kryptex application and startmining right away. Kryptex app allows youto withdraw money in different ways.
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